DJ LafargeHolcim's First-Quarter Earnings Rose as Sales Improved
By Yi Wei Wong
LafargeHolcim Ltd.'s first-quarter earnings rose amid stronger sales across markets.
The Swiss cement maker's recurring earnings before interest and taxes for the period more than doubled to 528 million Swiss francs ($575.9 million) from CHF262 million in the same period a year earlier.
Net sales grew to CHF5.36 billion from CHF5.29 billion.
The company also successfully closed a transaction to buy Firestone Building Products on March 31, which will now become part of a newly established global business unit.
LafargeHolcim said it expects demand across regions to get a boost from various government stimulus programs in the second half of the year.
Write to Yi Wei Wong at yiwei.wong@wsj.com
(END) Dow Jones Newswires
April 23, 2021 00:50 ET (04:50 GMT)
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